B-works: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
B-works
Largest movements
- Cash -€56,179
down €56,179 (-7.0%), from €798,078 to €741,899
mainly Contributions, distributions and other (-€64,583) and Other debts (-€39,093)
- Receivables within one year +€21,354
up €21,354 (+147%), from €14,495 to €35,849
of which Other amounts receivable: +€17,954
- Other debts -€39,093
down €39,093 (-95.8%), from €40,811 to €1,718
- Gross operating margin +€14,899
up €14,899 (+21.2%), from €70,403 to €85,302
- Financial income +€9,258
up €9,258 (+113%), from €8,170 to €17,428
- Taxes +€5,391
up €5,391 (+31.3%), from €17,208 to €22,599
- Financial charges -€2,642
down €2,642 (-73.8%), from €3,582 to €940
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,440,021 | €1,395,319 | -€44,702 | -3.1% |
| Fixed assets | 21/28 | €130,329 | €118,493 | -€11,836 | -9.1% |
| Tangible fixed assets | 22/27 | €31,222 | €19,386 | -€11,836 | -37.9% |
| Furniture and vehicles | 24 | €31,222 | €19,386 | -€11,836 | -37.9% |
| Financial fixed assets | 28 | €99,107 | €99,107 | = | 0.0% |
| Current assets | 29/58 | €1,309,693 | €1,276,826 | -€32,866 | -2.5% |
| Stocks and contracts in progress | 3 | - | €787 | +€787 | |
| Stocks | 30/36 | - | €787 | +€787 | |
| Amounts receivable within one year | 40/41 | €14,495 | €35,849 | +€21,354 | +147% |
| Trade receivables | 40 | €14,495 | €17,895 | +€3,400 | +23.5% |
| Other amounts receivable | 41 | - | €17,954 | +€17,954 | |
| Current investments | 50/53 | €493,219 | €497,641 | +€4,422 | +0.9% |
| Cash at bank and in hand | 54/58 | €798,078 | €741,899 | -€56,179 | -7.0% |
| Deferred charges and accrued income | 490/1 | €3,900 | €650 | -€3,250 | -83.3% |
| Total equity and liabilities | 10/49 | €1,440,021 | €1,395,319 | -€44,702 | -3.1% |
| Equity | 10/15 | €1,382,281 | €1,380,604 | -€1,678 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,363,681 | €1,362,004 | -€1,678 | -0.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,361,821 | €1,360,144 | -€1,678 | -0.1% |
| Amounts payable | 17/49 | €57,740 | €14,716 | -€43,025 | -74.5% |
| Amounts payable within one year | 42/48 | €57,740 | €14,716 | -€43,025 | -74.5% |
| Trade debts | 44 | €1,677 | €3,619 | +€1,943 | +116% |
| Suppliers | 440/4 | €1,677 | €3,619 | +€1,943 | +116% |
| Taxes, remuneration and social security | 45 | €15,252 | €9,378 | -€5,874 | -38.5% |
| Taxes | 450/3 | €15,252 | €9,378 | -€5,874 | -38.5% |
| Other amounts payable | 47/48 | €40,811 | €1,718 | -€39,093 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,247 | €16,094 | +€846 | +5.6% |
| Other operating charges | 640/8 | €179 | €192 | +€13 | +7.2% |
| Gross operating margin | 9900 | €70,403 | €85,302 | +€14,899 | +21.2% |
| Operating profit (loss) | 9901 | €54,977 | €69,016 | +€14,039 | +25.5% |
| Financial income | 75/76B | €8,170 | €17,428 | +€9,258 | +113% |
| Recurring financial income | 75 | €8,170 | €17,428 | +€9,258 | +113% |
| Financial charges | 65/66B | €3,582 | €940 | -€2,642 | -73.8% |
| Recurring financial charges | 65 | €3,582 | €940 | -€2,642 | -73.8% |
| Profit (loss) for the period before taxes | 9903 | €59,565 | €85,505 | +€25,940 | +43.5% |
| Income taxes | 67/77 | €17,208 | €22,599 | +€5,391 | +31.3% |
| Profit (loss) for the period | 9904 | €42,357 | €62,905 | +€20,549 | +48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,357 | €62,905 | +€20,549 | +48.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.